Legal Studies Unit 2 (B) – Law of Contracts MCQ Question Answers for Various Entrance Exams

1. When is a contract eneterd into by a minor considered valid?
a.
b.
c.
d.

2. Which case was dismissed by the Court on the ground that the agreement entered into between the husband and wife was not a contract. The arrangement between the husband and wife was only a moral obligation and the parties never intended to create any legal relationship?
a.
b.
c.
d.

3. A expresses his willingness to sell his cottage to B for Rs. 5 lakhs. Here, A's willingness is called __________
a.
b.
c.
d.

4. A offers to sell his car for 50,000 to B. B accepts the offer. In this case, the consideration for B is ________.
a.
b.
c.
d.

5. When Acceptance is made to a promise but not on the complete terms of the promise but to a lesser fulfilment of the promise, it is called __________
a.
b.
c.
d.

6. When a person accepts an offer it becomes a/an ______
a.
b.
c.
d.

7. Which of these is NOT one of the instances when a contract gets discharged by operation of law?
a.
b.
c.
d.

8. Which is NOT one of the criteria that an agreement should fulfil?
a.
b.
c.
d.

9. When a new contract is substituted for an old contract, it is called _________
a.
b.
c.
d.

10. The object of the agreement should not be illegal, immoral or  ______________
a.
b.
c.
d.

11. Who can revoke an offer before acceptance?
a.
b.
c.
d.

12. Which of these is another term for  failure to perform the obligation by a party?
a.
b.
c.
d.

13. An agreement without consideration is _____
a.
b.
c.
d.

14. An offer cannot be made to the public at large. This was held in which case?
a.
b.
c.
d.

15. When the contract neds, it is said to be __________
a.
b.
c.
d.

16. When does an agreement become a contract?
a.
b.
c.
d.

17. X promises to supply 10 kgs of wheat and 3 packets of heroin to Y for a sum 2 of Rs. 10,000/-. Y pays Rs. 10,000/-. Is this agreement enforceable?
a.
b.
c.
d.

18. Indian Contract Act was enacted in which year?
a.
b.
c.
d.

19. Which of the following is included in damages?
a.
b.
c.
d.

20. The time limit in which a contract should be performed is called ______
a.
b.
c.
d.


 


 

Also See:

 
Legal Studies Unit 1 – Judiciary MCQs
 
Legal Studies Unit 2 (A) – Law of Property MCQs
 
Legal Studies Unit 2 (C) – Law of Tort MCQs
 
Legal Studies Unit 2 (D) – Introduction to criminal laws in India MCQs
 
Legal Studies Unit 3 – Arbitration, Tribunal Adjudication and Alternative Dispute Resolution MCQs
 
Legal Studies Unit 4 – Human Rights in India MCQs
 
Legal Studies Unit 5 – Legal Profession in India MCQs
 
Legal Studies Unit 6 – Legal Services MCQs
 
Legal Studies Unit 7 – International Context MCQs